BUSINESS

Most Asian markets fell Wednesday as investors continued to worry that the debt crisis faced by the euro zone would weigh down the global economic condition.

Samsung may be celebrating the success of its flagship smartphone for 2012, the Galaxy S3, but that doesn’t mean the company is finished with the device. Samsung is reportedly testing Android 4.1 Jelly Bean for the Galaxy S3 and S2 devices.

The New York Times Co. (NYSE: NYT), publisher of the third-largest U.S. newspaper by circulation, is expected to have higher earnings in the second quarter on lower revenue as print advertising is flat but online subscribers increase.

Based on a median estimate among analysts polled by Thomson Reuters, ExxonMobil will report earnings of $1.96 a share on revenues of about $115.08 billion -- a decline of 8.3 percent from the year before. The company will post its second-quarter earnings on Thursday at 10 a.m. EDT.

Clark Tabor was arrested on Sunday for causing a disturbance in a showing of “The Dark Knight Rises” when he allegedly asked Does anyone have a gun? and exclaimed I should go off like in Colorado. As people become more sensitive after the tragedy, free speech and gun control are brought into question.

The New York Yankees' trade for 10-time All-Star Ichiro Suzuki should help baseball's most popular team both on and off the field.

Apple will be rolling out Mountain Lion, the latest iteration of its Mac OS platform, tomorrow following its Q3 earnings report.

The financial and fiscal crisis in Spain entered a new and dangerous phase Tuesday as economic, political, civic and diplomatic links appeared to quickly disintegrate in the face of panic-stricken markets.

Shares of Netflix Inc. (NASDAQ:NFLX) plunged 14.5 percent, to $68.73, in Tuesday's after-hours trading even as it reported better-than-expected earnings.

Wal-Mart, in a bid to protect consumers, said it was not happy with the proposed $7.25 billion retailers' settlement with Visa Inc., and MasterCard Inc., over interchange and processing fees to cover credit and debit card payments.

In the first half of this year, 15 states managed to pass almost 40 laws that restrict women's reproductive rights.

Facebook Inc. (Nasdaq: FB), the world's largest social networking platform, is expected to post a profit in its first quarter as a publicly traded company following revenue growth in the April-through-June period.

While there is public outcry for a discussion on gun control, residents in Colorado have begun seeking background checks needed to buy guns. A local paper reported there has been an increasing number of people showing interest in carry-permit training.

Millions of Americans have gone broke by buying their dream home and now financial innovation is needed to help savers and mortgage holders get out of debt.

A small group of Russian fishermen have discovered some 248 human fetuses dumped in a forest near the Ural Mountains 45 miles (70 kilometers) north of the city of Yekaterinburg.

By taking policy rates to close to 0 percent and pushing deposit rates below zero, the move by Denmark may have opened the window for the ECB to take action at their meeting next week.

U.S. companies have been finding it much easier to deliver earnings beats, or profits that are higher than expected, as analysts on Wall Street continue to trim their forecasts for earnings growth. However, they might have also come to realize that beating earnings expectations alone is not enough to help their stock prices.

Peruvian President Ollanta Humala appointed a new prime minister among several anticipated cabinet changes Monday, reflecting pressure from low approval ratings amid mass environmental protests.

Ubisoft’s next installment in its historical-themed stealth adventure game, “Assassin’s Creed 3,” is set for a release date at the end of this October. However, it seems that fans working at Game Stop may have gotten a sneak peak at what’s to come after the game’s launch.

Greece is not likely to be able to pay its debts, meaning the twice bailed-out member of the euro zone will have to restructure about $240 billion of sovereign debt, European Union officials told Reuters on Tuesday.

Traders piled into a frothy rally in the natural gas markets Tuesday, sending the price of the energy commodity to 2012 highs and seemingly hoping to turn a quick profit with a highly volatile trade before the market's momentum shifts.

Alexander Teves was a 24-year-old University of Arizona graduate student who risked his own life to save that of another. According to his girlfriend Amanda Lindgren, Teves was shot and killed while shielding her from bullets when a gunman fired during a midnight screening of The Dark Knight Rises in an Aurora, Colo.

Starbucks Corporation (Nasdaq: SBUX), the world's largest coffee chain, is expected to report higher second-quarter profit as growth in its ground coffee division offsets the cost of buying a bakery company.

Under Armour (NYSE: UA) shares jumped more than 12 percent on Tuesday trading after reporting better than expected second quarter earnings.

On Monday, Apple released its newest commercial for the iPhone 4S -- the first smartphone to feature Apple's AI assistant -- with Martin Scorcese as the company's latest spokesman. If Apple plans to do more commericals with these Hollywood types, we've got a few great ideas on who should be picked next, and why.

Cisco Systems, Inc. (Nasdaq: CSCO), the biggest maker of computer-networking equipment, plans to cut about 1,300 jobs, or 2 percent of its workforce, as part of its ongoing efforts to restructure the company.

As non-Persians, they have long faced discrimination, particularly with respect to employment, housing, and civil rights.

Sony Computer Entertainment will not be announcing it's latest and most-likely final iteration of the Playstation 3 console next month at the Gamescom trade show in Germany, several sources confirm. But while the pricing for the PS3-4000 are still heavily rumored, some details on the new models have been confirmed.

Arlene Holmes and the rest of the family of suspected gunman James Holmes have said they will support the Colorado shooting suspect, who allegedly killed 12 people and wounded 58 others. While Holmes's family members did not express the statement in person, when asked if they stand by the 24-year-old, lawyer and family spokeswoman Lisa Damiani said at a press conference today, Yes they do. He's their son.